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ICICI Bank Ltd reports consolidated PAT of Rs. 4747.42 crore in Q1FY22

Posted On: 2021-07-24 12:38:41 (Time Zone: UTC)


ICICI BANK LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.38852.60 crores during the period ended June 30, 2021 as compared to Rs.43621.29 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.4747.42 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.4886.16 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.6.72 for the period ended June 30, 2021 as compared to Rs.6.93 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 38852.60 crs₹ 43621.29 crsDown Tick -10.93%
Net Profit₹ 4747.42 crs₹ 4886.16 crsDown Tick -2.84%
EPS₹ 6.72₹ 6.93Down Tick -3.03%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.38852.60 crores during the period ended June 30, 2021 as compared to Rs.37939.32 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.4747.42 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.3117.68 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.6.72 for the period ended June 30, 2021 as compared to Rs.4.76 for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 38852.60 crs₹ 37939.32 crsUp Tick 2.41%
Net Profit₹ 4747.42 crs₹ 3117.68 crsUp Tick 52.27%
EPS₹ 6.72₹ 4.76Up Tick 41.18%

Total deposits increased by 16% year-on-year to Rs. 926,224 crore (US$ 124.6 billion) at June 30, 2021. Average current account deposits increased by 32% year-on-year in Q1-2022. Average savings account deposits increased by 22% year-on-year in Q1-2022. Total term deposits increased by 9% yearon-year to Rs. 501,122 crore (US$ 67.4 billion) at June 30, 2021. The Bank had a network of 5,268 branches and 14,141 ATMs at June 30, 2021.

The net non-performing assets were Rs. 9,306 crore (US$ 1.3 billion) at June 30, 2021 compared to Rs. 9,180 crore (US$ 1.2 billion) at March 31, 2021. The net NPA ratio was 1.16% at June 30, 2021 compared to 1.14% at March 31, 2021. The net addition to gross NPAs during the quarter was Rs. 3,604 crore (US$ 485 million). The gross NPA additions were ₹ 7,231 crore (US$ 973 million) in Q1-2022. Recoveries and upgrades of NPAs, excluding write-offs and sale, were Rs. 3,627 crore (US$ 488 million) in Q1-2022. The gross NPAs written off were Rs. 1,589 crore (US$ 214 million) in Q1-2022. Excluding NPAs, the total fund based outstanding to all borrowers under resolution as per the various extant regulations/guidelines was Rs. 4,864 crore (US$ 654 million), or about 0.7% of the total loan portfolio, at June 30, 2021 compared to Rs. 3,927 crore (US$ 528 million) at March 31, 2021. The fund-based and non-fund based outstanding to borrowers rated BB and below (excluding fund and non-fund based outstanding to NPAs) was Rs. 13,975 crore (US$ 1.9 billion) at June 30, 2021 compared to Rs. 13,098 crore (US$ 1.8 billion) at March 31, 2021.

The Bank's total capital adequacy at June 30, 2021 was 19.27% and Tier-1 capital adequacy (including profits for Q1-2022) was 18.24% compared to the minimum regulatory requirements of 11.08% and 9.08% respectively.

Shares of ICICI BANK LTD. was last trading in BSE at Rs. 676.65 as compared to the previous close of Rs. 655.8. The total number of shares traded during the day was 524077 in over 11703 trades.

The stock hit an intraday high of Rs. 677.75 and intraday low of 650.85. The net turnover during the day was Rs. 350118755.


Source: Equity Bulls

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